To add a little more detail, there are two major types of systems from a reliability perspective. What Jean described is a SERIAL system. This is like to old style Christmas lights. When one light burned out, then entire string went dark. Any single element fails, and the entire system fails.
Another type is a PARALLEL system. This typically signifies redundancy, where if one element fails, there is a redundant element that takes over. The Apollo lunar lander had 3 redundant computers in case one failed. Usually all parallel elements must fail before the system fails.
There are exceptions.
Then you can have a hybrid system which contain both serial and parallel elements. You can have imperfect redundancy also (e.g., run flat tires).
If you are interested in learning more about reliability, see
Reliability Engineering Resources.